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Nixit Company's ledger on July 31, its fiscal year-end, Includes the following selected accounts that have normal bal the perpetual inventory system. T. Nix, Capital

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Nixit Company's ledger on July 31, its fiscal year-end, Includes the following selected accounts that have normal bal the perpetual inventory system. T. Nix, Capital $ 115,300 Cont of goods nold 106,900 T. Nix, Withdrawals 7,000 Depreciation expense expense 10,300 170,000 Salarien expense 32,500 Sales discounts 4,700 Miscellaneous expenses 5,000 Sales returns and allowances $ 6,500 Prepare the company's year-end closing entries. Sales View transaction list Journal entry worksheet

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